What is globalization in your own understanding?

What is globalization in your own understanding?

Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. Likewise, for centuries, people and corporations have invested in enterprises in other countries.

Why is it important to understand globalization?

So in today's world, globalization is an important concept for students in higher education to understand and appreciate because of the demand in business and industry to hire people who can work with people of other nations and cultures and if need be can travel independently internationally to promote their business

What is globalization concept map?

The way of bringing people of different groups closer together from the exchange of worldviews, products, and other parts of cultures. Economic, social, and political globalization are the three main factors that affect globalization.